TERNOSVIT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TERNOSVIT
Largest movements
- Tangible fixed assets +€287,329
up €287,329 (+22741.3%), from €1,263 to €288,593
of which Land and buildings: +€283,593
- Cash +€19,859
up €19,859 (+13.4%), from €148,656 to €168,516
mainly Debts after one year (+€217,726) and Net result for the year (+€101,412)
- Receivables within one year -€7,258
down €7,258 (-4.6%), from €156,806 to €149,548
of which Trade receivables: -€6,833
- Debts after one year +€217,726
new in 2025: €217,726
- Tax, wage and social debts +€60,872
up €60,872 (+54.3%), from €112,089 to €172,961
of which Taxes: +€30,516
- Short-term financial debts +€23,656
up €23,656 (+44.9%), from €52,697 to €76,353
- Current portion of long-term debt +€15,537
new in 2025: €15,537
- Other debts -€9,814
down €9,814 (-85.1%), from €11,532 to €1,718
- Gross operating margin +€415,498
up €415,498 (+35.0%), from €1.2m to €1.6m
- Staff costs +€355,934
up €355,934 (+33.8%), from €1.1m to €1.4m
- Depreciation +€52,323
up €52,323 (+5536.9%), from €945 to €53,268
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,338 | €614,425 | +€301,087 | +96.1% |
| Fixed assets | 21/28 | €1,760 | €288,593 | +€286,832 | +16292.9% |
| Tangible fixed assets | 22/27 | €1,263 | €288,593 | +€287,329 | +22741.3% |
| Land and buildings | 22 | - | €283,593 | +€283,593 | |
| Furniture and vehicles | 24 | €1,263 | €1,687 | +€424 | +33.5% |
| Leasing and similar rights | 25 | - | €3,313 | +€3,313 | |
| Financial fixed assets | 28 | €497 | - | -€497 | |
| Current assets | 29/58 | €311,577 | €325,832 | +€14,254 | +4.6% |
| Amounts receivable within one year | 40/41 | €156,806 | €149,548 | -€7,258 | -4.6% |
| Trade receivables | 40 | €29,422 | €22,588 | -€6,833 | -23.2% |
| Other amounts receivable | 41 | €127,385 | €126,959 | -€425 | -0.3% |
| Cash at bank and in hand | 54/58 | €148,656 | €168,516 | +€19,859 | +13.4% |
| Deferred charges and accrued income | 490/1 | €6,115 | €7,769 | +€1,654 | +27.0% |
| Total equity and liabilities | 10/49 | €313,338 | €614,425 | +€301,087 | +96.1% |
| Equity | 10/15 | €119,104 | €118,349 | -€756 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,488 | €99,728 | -€760 | -0.8% |
| Distributable reserves | 133 | €100,488 | €99,728 | -€760 | -0.8% |
| Profit (loss) carried forward | 14 | €17 | €21 | +€4 | +25.3% |
| Amounts payable | 17/49 | €194,233 | €496,076 | +€301,843 | +155.4% |
| Amounts payable after more than one year | 17 | - | €217,726 | +€217,726 | |
| Financial debts | 170/4 | - | €217,726 | +€217,726 | |
| Amounts payable within one year | 42/48 | €193,047 | €277,761 | +€84,714 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,537 | +€15,537 | |
| Financial debts | 43 | €52,697 | €76,353 | +€23,656 | +44.9% |
| Credit institutions | 430/8 | €52,697 | €76,353 | +€23,656 | +44.9% |
| Trade debts | 44 | €16,721 | €11,132 | -€5,589 | -33.4% |
| Suppliers | 440/4 | €16,721 | €11,132 | -€5,589 | -33.4% |
| Advances received on contracts in progress | 46 | €9 | €60 | +€51 | +600.0% |
| Taxes, remuneration and social security | 45 | €112,089 | €172,961 | +€60,872 | +54.3% |
| Taxes | 450/3 | €9,013 | €39,529 | +€30,516 | +338.6% |
| Remuneration and social security | 454/9 | €103,076 | €133,432 | +€30,356 | +29.5% |
| Other amounts payable | 47/48 | €11,532 | €1,718 | -€9,814 | -85.1% |
| Accrued charges and deferred income | 492/3 | €1,187 | €590 | -€597 | -50.3% |
| Remuneration, social security and pensions | 62 | €1,052,250 | €1,408,184 | +€355,934 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €945 | €53,268 | +€52,323 | +5536.9% |
| Other operating charges | 640/8 | €1,194 | €1,945 | +€751 | +62.8% |
| Gross operating margin | 9900 | €1,187,704 | €1,603,202 | +€415,498 | +35.0% |
| Operating profit (loss) | 9901 | €133,315 | €139,805 | +€6,490 | +4.9% |
| Financial income | 75/76B | €5,171 | €6,501 | +€1,330 | +25.7% |
| Recurring financial income | 75 | €5,171 | €6,501 | +€1,330 | +25.7% |
| Financial charges | 65/66B | €2,649 | €8,957 | +€6,308 | +238.2% |
| Recurring financial charges | 65 | €2,649 | €8,957 | +€6,308 | +238.2% |
| Profit (loss) for the period before taxes | 9903 | €135,837 | €137,349 | +€1,512 | +1.1% |
| Income taxes | 67/77 | €33,713 | €35,937 | +€2,224 | +6.6% |
| Profit (loss) for the period | 9904 | €102,124 | €101,412 | -€711 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,124 | €101,412 | -€711 | -0.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.